- How Much Should I Have in My 401(k) at 30?
Planning for a financially secure retirement is a long-term endeavor. For many, it’s an unclear final goal, especially for those just beginning their careers. If you’re in your 20s, you’re probably wondering “How much should I have in my 401k at 30?” At that stage, retirement may seem distant, and factors like career earnings, investment… read more…
- Approaching Retirement? T. Rowe Price Says You Need This Much Saved Based on Your Income
Retirement is a big milestone for many, and planning for retirement can constitute a large financial goal that takes years to reach. In fact, data from the Federal Reserve indicates that the majority of Americans only have a median of $87,000 saved for retirement, which is far less than most experts recommend. Investment giant T.… read more…
- This Type of Senior Is Struggling to Afford Retirement
Amid an economic environment marked by inflation, single seniors are having a harder time in retirement compared to married seniors, a new survey has found. The results of the American Advisors Group survey suggest unmarried seniors have less money than they thought they would have in retirement, expressed a desire to increase their monthly cash… read more…
- Average Retirement Savings for Married Couples By Age
According to a study from the career experts at Zety, 40% of respondents fear retirement more than death itself.1 And almost nine out of 10 respondents said their biggest fear in retirement is not having enough income, with many wondering how much a couple needs to retire. For married couples, planning retirement for two people can be… read more…
- Average Retirement Savings for Baby Boomers
The Baby Boomer generation is reaching retirement age in record numbers. With more Boomers retiring on a daily basis, it helps to understand how prepared they are to leave their jobs for good. In this article, we’ll discuss the average retirement savings for Baby Boomers, and provide tips for how to boost retirement income. Regardless… read more…
- Here’s a New Way to Generate Lifetime Income for Retirement
Many adults approaching retirement age have little to no retirement savings. In fact, the U.S. Government Accountability Office said that almost 50% of households headed by someone aged 55 and older had no retirement savings in 2016. And as the retirement age for Social Security rises, and inflation hits wallets across the country, it’s understandable that many… read more…
- Benefits of Using an HSA for Retirement
There is a variety of tools that can help you save for retirement. While many of us know about 401(k)s and IRAs, not as many may be familiar with health savings accounts (HSAs). These are savings accounts designed for people with high-deductible health plans. Funds from an HSA account can cover qualified medical expenses and… read more…
- Best Retirement Planning Books to Buy in 2026
We’re living in the golden age of information. The proliferation of smartphones and WiFi has meant the answer to seemingly any financial question rests at your fingertips. While the internet provides endless opportunities for increasing financial literacy, books remain one… read more…
- How to Calculate Your High-3 for Federal Retirement
The high-3 retirement calculation helps determine pension benefits for federal employees under the Federal Employees Retirement System (FERS) or Civil Service Retirement System (CSRS). The high-3 average reflects the average salary from the highest-paid 36 consecutive months. This period isn’t always the final three years of employment This figure plays a key role in estimating… read more…
- Five Retirement Risks to Avoid
While 79% of Americans told Fidelity Investments in 2022 that they are confident about their retirement planning, 71% also said that they are concerned about the impact of inflation on reaching their retirement goals. Uncertainty can make people feel anxious about… read more…
- Can I Retire at 60 With $300,000?
While it’s possible to retire at 60 with just $300,000, you’ll most likely need to maintain a modest standard of living. To understand what a 60-year-old with $300,000 might face, it’s important to consider their income both before and after Social Security, as well as post-retirement expenses. The specifics for your exact situation may vary,… read more…
- How to Retire at 52: Step-by-Step Plan
Many Americans dream of early retirement. It’s even the basis for movements likeFinancial Independence, Retire Early (FIRE). However, if you want to retire as soon as 52, you need a solid strategy to help you get there. Retiring in your 50s leaves you with less time than the average worker, creating a financial challenge. Despite… read more…
- How Long Will $600,000 Last in Retirement?
One of the biggest worries associated with retirement planning is ensuring you’ve saved enough money. Some people aim to save $1 million or more. Others target $500,000 to $600,000 instead. But just how long will $600,000 last in retirement? And is it enough? Asking those kinds of questions can help you shape your retirement savings… read more…
- T. Rowe Price Has Identified Two Types of Retirees. Which Type Are You?
T. Rowe Price has identified two types of retirees and launched a retirement tool to serve their financial needs. The global investment management firm divides retirees into two categories: savers and spenders. Let’s break down how they are defined, which… read more…
- 7 Tips for Withdrawing From Retirement Accounts in a Down Market
You’ve spent a lifetime accumulating funds for a smooth retirement. You’ve thought ahead and assumed a decent yield for your investments, calculating exactly how much you’ll need to retire comfortably. What if your retirement years coincide with a down market? Selling your investments at depressed prices creates a two-fold problem for retirees. When prices fall,… read more…
- How to Retire at 55 and Live Off Your Dividends
Retiring at 55 and living off dividends requires careful planning, strategic investing, and a strong focus on income-generating assets. Early retirement dividend investing involves building an investment portfolio of reliable dividend-paying stocks, funds or other income-producing investments. These are what sustain a comfortable lifestyle without relying on traditional employment. Factors such as dividend yield, payout… read more…
- How to Retire at 61: Step-by-Step Plan
Retiring at 61 means you’ll need to rely on your savings and investments for several years before Social Security and Medicare benefits fully begin. Determining whether you have enough saved, and how to turn those assets into reliable income, is one of the most important steps. Early retirees must account for healthcare costs, longer withdrawal… read more…
- Your Retirement Portfolio Needs More International Exposure
For most Americans, investing for retirement in 2026 remains a long-term practice unfolding over many decades. It requires looking beyond the daily ups and downs of the stock market, remaining disciplined amid economic volatility and adopting a long-term focus – and possibly one that looks beyond U.S. borders. While U.S. equities have historically outperformed international… read more…
- How to Retire at 58: Step-by-Step Plan
Retire at 58, and you may have a retirement lasting four decades or more. Planning for that span of time means accounting for inflation and healthcare costs before Medicare. You’ll also face a delay in Social Security benefits. Meanwhile, consider how early withdrawals from retirement accounts are taxed and whether your savings can sustain growing… read more…
- How to Retire at 70: Step-by-Step Plan
While many people dream of retiring as soon as possible, others love their jobs and want to keep working. Workers who want to retire at 70 have multiple advantages over others who retire earlier. If you’re still working past the traditional retirement age, or just considering it, there are a handful of steps you should… read more…
- How to Retire at 64: Step-by-Step Plan
In many Americans’ minds, the traditional retirement age is 65. But often people want to wrap up their career sooner than that. According to a 2021 report from Natixis Investment Managers, younger generations plan to retire earlier. Members of Generation Y… read more…
- Questions to Ask a Financial Advisor About Retirement
Planning for retirement can be overwhelming, because it involves figuring out a plan for your money that is supposed to have last you for a long period of time, and often involves sorting things out now for a point time… read more…
- How to Retire at 60: Step-by-Step Plan
The traditional age of retirement is 65, but it’s possible to retire at age 60 with planning. Obstacles to early retirement include lack of access to Social Security benefits and Medicare. However, on the plus side 60-year-olds can withdraw from… read more…
- How Prepaying Your Mortgage Can Boost Your Retirement
Paying off your mortgage early, especially before retirement, is a worthy financial goal. But doing so in lieu of investing isn’t the best decision for everyone, according to a recent study from Fidelity. Using a 27-year time horizon, Fidelity pinpointed the thresholds at which paying off your mortgage is wiser than staying invested and vice… read more…
- Ready to Ditch Your 60/40 Retirement Portfolio? Do This Instead
Perhaps no topic is more hotly debated in retirement planning circles than the viability of the 60/40 portfolio. This investing strategy, which calls for 60% of a portfolio’s assets to be invested in stocks and the remaining 40% in bonds, has been the gold standard for retirees and those approaching retirement for decades. But a… read more…